South Korean bank buys 18% of Jilin bank
2010-06-30 10:26:19
South Korea's Hana Bank bought an 18 percent stake of Bank of Jilin on Tuesday to expand retail banking operations in China, Xinhuanet.com reported.
ABC to launch $11.4 billion HK IPO
2010-06-30 10:08:31
Agricultural Bank of China (ABC) announced Tuesday in Hong Kong it hopes that a total of over 25.4 billion Hong Kong shares in its Hong Kong public offering, scheduled to commence today, will raise $11.4 billion.
China banks unlikely to face systemic risk: Moody's
2010-06-29 16:34:55
Chinese banks would see their bad loan ratios creep up in the next few years but it was unlikely that they would face a systemic crisis similar to that suffered by their Wall Street counterparts two years ago.
China may allow yuan stock funds in HK
2010-06-29 10:34:41
Five to six Chinese brokerages and fund management companies may on a trial basis win approval to set up yuan-denominated funds in Hong Kong that invest in the mainland stock market, the China Securities Journal reported Tuesday, citing an unidentified person.
Obama pleased with 'first step' in RMB reform
2010-06-29 09:27:11
US President Barack Obama believes that China's currency will rise by a large margin and Washington will be "paying attention" to Beijing's further exchange rate reforms in the coming months.
ABC IPO may raise $20b on Shanghai price
2010-06-28 13:43:43
Agricultural Bank of China Ltd set a price range for the Shanghai part of its initial public offering that will allow it to raise as much as $20.1 billion, according to three people with knowledge of the matter. ABC to announce pricing of A shares today
Yuan hits new record high against USD
2010-06-28 10:22:58
The central parity of the RMB, or China's currency yuan, strengthened to 6.7890 per US dollar on Monday, a new record high, according to the data released by the China Foreign Exchange Trading System.
ABC to announce pricing of A shares today
2010-06-28 09:56:00
Agricultural Bank of China Ltd is scheduled to release a statement later today on the pricing for its initial public offering in Shanghai.
Agricultural Bank of China to be world's largest IPO
2010-06-29 02:40:20
ABC said late Monday in a statement filed with the Shanghai Stock Exchange that it had set the price range for the Shanghai portion of its initial public offering (IPO) at 2.52 to 2.68 yuan ($0.37 to $0.39).
Banks' capital adequacy ratio gains to 11%
2010-06-26 14:06:21
China banks' weighted average capital adequacy ratio rose to 11.1 percent as of March 31 from minus 2.98 percent in 2003, Liu Mingkang, chairman of China Banking Regulatory Commission, said at a financial forum in Shanghai on Saturday.
China's money squeeze remains despite PBOC net injections
2010-06-25 16:42:29
Even as the People's Bank of China (PBOC) released 201 billion yuan ($29.56 billion) into the market this week via its open market operations, money supply remained tight in the interbank market, traders and analysts said.
CCB wins investor approval for rights offer
2010-06-25 11:09:26
China Construction Bank Corp, the world's second-largest lender by market value, won shareholder approval for a plan to raise as much as 75 billion yuan ($11 billion) in a rights offer.